Malaysia Morning News For September 7

Malaysia Morning News For September 7
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Malaysia morning news

Fuel prices up again at midnight
Pump prices for petrol as well as diesel will rise at midnight tonight with an increase of four sen for both RON95 and RON97.
— Malay Mail Online

RM13.3b more in debt funding needed for power sector: RAM Ratings
RAM Ratings expects an additional debt funding of RM13.3 billion is required for the local power sector, particularly to fund the large-scale solar plants.
— The Sun Daily

Total trade breaches rm1 trillion for Jan-July 2017
Malaysia’s total trade breached the RM1 trillion mark for the first seven months of 2017 at RM1.008 trillion, while expanding by 22.7 per cent from the corresponding period of 2016, said the Ministry of International Trade and Industry (MITI).
— The Borneo Post

Russian minerals firm bets on grouper production in Malaysia
Ongoing demand for premium species in Asia has led a Russian coal firm to bet big on grouper farming in Malaysia.
— Seafood Source

Fast Asia Open: Malaysia rates decision, Australia retail sales
Facebook has found that “inauthentic” accounts — apparently operated out of Russia and affiliated with one another — bought $100,000 worth of advertisements on the social network over the past two years, amid investigations into allegations of Russian efforts to influence the US presidential election.
— Financial Times

More cross-border activities to enhance Malaysia-Thai bilateral trade
Encouraging greater cross-border trade and investments will help both Malaysia and Thailand in achieving US$30 billion (US$1 = RM4.29) worth of bilateral trade by 2018, said the National Chamber of Commerce and Industry of Malaysia (NCCIM).
— The Borneo Post

Malaysia-China Kuantan Industrial Park on track to achieve investment target: chairman
The Malaysia-China Kuantan Industrial Park (MCKIP), the first industrial park to be jointly developed by Malaysia and China, is on track to achieve its investment target, according to MCKIP Chairman Soam Heng Choon.
— China Daily

Malaysia, Indonesia, Thailand must take lead in pushing for solution to Rohingya issue
Malaysia, Indonesia and Thailand must take the lead in pushing for a solution to the Rohingya issue in Myanmar, as they are currently the most active countries responding to the crisis, say foreign policy analysts.
— New Straits Times

Malaysia to keep raising Rohingya plight at United Nations, OIC
Malaysia will continue to raise the plight of the Rohingya Muslim minority in Myanmar at the United Nations and Organisation of Islamic Cooperation, said Foreign Minister Datuk Seri Anifah Aman.
— New Straits Times

The Real Test for US-Malaysia Relations in the Trump Era
Malaysian Prime Minister Najib Razak’s first White House visit is a chance to address broader challenges in bilateral ties.
— The Diplomat

Malaysia’s Central Bank Is in a Sweet Spot
Malaysia’s central bank is in a sweet spot. Economic growth is gaining momentum, inflation is moderating, and the ringgit is headed for its first annual gain in five years.
— Bloomberg

Key witness in Malaysia forex probe says he didn’t execute the trades
A key witness in a multibillion dollar scandal involving Malaysia’s central bank in the 1990s denied yesterday that he had personally executed any of the foreign exchange trades that resulted in massive losses.
— The Straits Times (paywall)

Malaysia palm oil stocks seen rising on robust production
Malaysian palm oil stocks likely rose for a second month in August, inching towards the 2 million tonne mark as output in the world’s second-largest producer of the commodity remains near its strongest in two years, a Reuters poll showed.
— The Star Online

Malaysia must change direction to avoid becoming a poor nation: Dr M
Former political enemies have come together now because the country needs to reset its current direction that is headed towards excessive indebtedness and divisive politics, said two top leaders of the opposition Pakatan Harapan coalition.
— The Edge Markets

Analysts positive on Prestariang’s investment in cloud education
Prestariang Bhd (Prestariang) has entered into an agreement with OpenLearning Global (OGPL) and its founder/chief executive officer (CEO) Adam Maurice Brimo, and analysts are positive on this move as it could allow the group to enhance its expertise on EduCloud or cloud-based education.
— The Borneo Post

Using telematics will enhance experience for insurers
Embracing telematics – a branch of the IT sector which deals with the long distance transmission of computerised information – should provide many upsides for both insurance operators and its consumers within Malaysia.
— The Borneo Post

Ringgit higher against US$
The ringgit was higher against the US dollar early Wednesday on the greenback weakness following a weaker-than- expected economic data and geopolitical tension on North Korea.
— The Star Online 

Loan demand continues to grow in Malaysia for all segments
Compared with June 2017, the level of loan applications of both household and non-household rose in July this year.
— The Borneo Post

CIMB expands stockbroking biz, buys Jupiter Securities for RM55m
CIMB Group Holdings Bhd is expanding its stockbroking business by buying Jupiter Securities for RM55mil which will be the platform for its partnership with China Galaxy International Financial Holdings Ltd.
— The Star Online

Analyst predict Fed rate hike unlikely, OPR to stay unchanged
The possibility of the United States’ (US) Federal Open Market Committee (FOMC) keeping its fed rate unchanged at the upcoming September 19 and 20 meeting led analysts at Kenanga Investment Bank Bhd (Kenanga Research) to predict an unchanged Overnight Policy Rate (OPR) for Malaysia.
— The Borneo Post

FBI says witnesses in U.S. probe into Malaysia’s 1MDB fear for safety
Potential witnesses to the multi-billion dollar scandal at 1Malaysia Development Berhad (1MDB) are afraid to speak with U.S. investigators as they fear for their safety, the Federal Bureau of Investigation says.
— Reuters

CAP urges govt to reintroduce inheritance tax
The Consumers Association of Penang (CAP) has proposed that the government reintroduce the inheritance tax and revise existing taxes to help bridge the gap between the rich and poor.
— Free Malaysia Today

Malaysia forex reserves adequate by international standards, says RHB Research
RHB Research Institute Sdn Bhd said Malaysia’s foreign exchange (forex) reserves remain adequate by international standards after Malaysia’s forex reserves rose by US$1.1 billion to US$100.5 billion as at August 30.
— The Edge Markets

Malaysia team in Madagascar over MH370
Malaysian Department of Civil Aviation officers are heading to Madagascar to verify whether a piece of debris found on the island could be from missing Malaysia Airlines flight MH370.

Dengue study raises concerns in Malaysia
Healthcare practitioners and consumers should take cognizance of the various phases of dengue attack, failing which could lead to fatalities.
— Yahoo


Feature photo Phalinn Ooi
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Malaysia morning news by AEC News Today is your one stop source for Malaysia news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.



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